And we should not be at all surprised with this effect @vindin -...

And we should not be at all surprised with this effect @vindin - because if we look back and compare to just prior to this time last year when the SP was travelling at say average .015 cents , the Market Cap would have been $40,574,732.

So even allowing for the fact that the new shares of 400 million being issued at .055 in April 2019 would have only effected the relative mark to market valuation by some $2,200,000 - I find it hard to believe after everything the company has done to advance its projects together with the more pointed , relative , and relevant factors being that of the significant changes in Metal prices ......that we have lost nearly half our valuation as perceived by the Market.

At the same time , I don't believe the Salobo licence in itself and by itself without an initial funded and planned drilling campaign would be worth $20 million in the SP - maybe $10 million ....but not $20. In either case though , on this basis , there has been no material re-valuation or re-rate prescribed to either of Jambreiro , Itapitanga , or indeed the Canavial resource.

I don't reckon the market will be asleep on these points for to much longer.....